Mortgages for Senior Citizens

lindoc | 19:46 Sun 29th Jul 2007 | Personal Finance

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Is it possible for a 77-year old to get a mortgage? My mum lives in an ex-council house, which she owns outright. She wants to move nearer to us because she is lonely and you don't want to know what the neighbours are like! We have seen a bungalow which would be just right for her, but need to raise abour �50k.

FAO Themas (or anyone else who can help!)

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CheekyChops

It will depend on what income she has and whether the lender is satisfied that she will be able to meet the repayments.

Try googloing 'Pensioners Mortgage' and lots of links come up. Such as this one: http://www.mias-ltd.co.uk/retirement-mortgages .htm

lindoc

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Thanks for that, the link is really useful

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